The risk of cyber crime and IT failures has continued its rapid rise, moving into the top five business risks globally for the first time.
The increased risk landscape is at odds with a fall in price over recent years due to a surfeit of capacity.
QBE European Operations has made two new appointments to its international casualty team.
Financial advisory firm StormHarbour has appointed Jonathan Spry as head of insurance solutions and advisory.
German reinsurer Munich Re has formed a new sidecar allowing it to secure coverage for natural catastrophe exposure in its book of reinsurance business.
Ironshore International has acquired Dubai-based Lloyd’s coverholder Visionary Underwriting Agency, a company incorporated in the Dubai International Financial Centre.
Arthur J Gallagher (AJG) has acquired California-based employee benefits brokerage e3 Financial.
Allianz Global Corporate & Specialty (AGCS), Allianz’s specialist corporate insurer, has launched a suite of financial lines insurance products in the US.
Lloyd’s syndicate ERS, formerly Equity Red Star, has appointed Linda Rees as head of underwriting fraud.
Allianz Global Corporate & Specialty (AGCS), Allianz’s specialist corporate insurer, has appointed Christof Bentele to head its crisis management division.